EURJPY has formed higher lows and higher highs, creating a rising wedge formation on its 1-hour time frame. A breakout in either direction is possible, setting the tone for longer-term trends for this pair. A move below the 122.30 wedge support...
USD The US dollar was unable to establish a clear direction in recent trading as the latest batch of reports fell short of estimates. Personal income posted a meager 0.2% uptick versus the projected 0.4% gain while personal spending was flat instead...
GBPAUD recently broke to the upside from a symmetrical triangle formation and is now breaking past a double bottom neckline around 1.7100. This would mean strong bullish signals for the pair, as the chart patterns are approximately a thousand pips...
USD The US dollar was mostly stronger against its rivals on Friday even after the US advanced GDP reading turned out weaker than expected. The economy grew by 0.7% in Q1, lower than the projected 1.3% reading and the earlier 2.1% growth figure. However,...
EURAUD has been trending higher recently but profit-taking could happen as the pair is testing the top of its ascending channel on the 4-hour chart. If so, the pair could head back to the channel support at the 1.4300 area for a quick pullback. This...
USD The dollar had a mixed performance as it mostly reacted to currency-specific events. It weakened to the pound and yen but advanced against the euro and comdolls. Durable goods orders figures came in below expectations, and so did pending home sales...
USDJPY has been on a climb recently but zooming out to the longer-term charts shows that it's still on a downtrend. Price is moving inside a descending channel pattern on its daily and 4-hour time frame but is in the middle of a correction at the moment....
USD The dollar had a volatile run during the release of the Trump administration's tax reform plan but ended the day mostly unchanged. Up ahead, US initial jobless claims, durable goods orders, and pending home sales data are due next, although traders...
USDCAD has formed higher lows on its 4-hour time frame, moving above a new ascending trend line connecting the lows since mid-February. Price found resistance at the 1.3650 minor psychological level and seems to be in the middle of a correction. Applying...
USD The US dollar regained a bit of ground against its peers despite mixed reports from the US. Housing figures were generally better than expected but the Richmond manufacturing index dipped while CB consumer confidence also turned lower. Traders are...
